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Digital Realty leans on AI data-center demand as guidance improves
The data-center REIT cites record bookings, a sizable contracted backlog, and recently raised forward guidance for the year.
MarketBeat Ratings frames Digital Realty Trust as a way to invest in the AI boom indirectly, through the physical data centers that provide power, cooling, and connectivity for hyperscalers and enterprises.
The outlet says Digital Realty has been reporting record bookings in its network segment, with demand driven by companies trying to deploy AI, and it points to a growing rent stream and a substantial backlog of contracted but not yet started business.
MarketBeat Ratings also highlights improving financial footing and says the company recently raised its forward guidance for the year, while expanding by acquiring a large portfolio of data centers on favorable terms and pushing to grow its international footprint.